Overview:
The AfriCap Microfinance Fund (AfriCap) is private equity fund that invests in microfinance related organizations that are committed to commercial viability.
Description:
AfriCap uses equity and quasi equity instruments with an aggregate exposure of $1.5 million per investment, with equity stakes ranging from 15 to 30 percent. AfriCap also offers a Technology Assistance Package through the AfriCap managed grant fund. AfriCap invests in a range of financial services companies, including micro-insurance, low-income housing, micro-leasing and money transfers.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/africap
Organization’s Website:
www.africapfund.com
Just the Facts:? Country of Incorporation: Mauritius
Country of Incorporation: Private Equity Fund
Year Founded: 2002
Number of MFI Investments (as of day/month/year): 20 (as of 31/October/2009)
Area of Operation: Africa
Participant(s)/Backer(s)/Investor(s): ACCION, Africap Sweden, BlueOrchard, Calmeadow, Calvert Foundation, European Investment Bank, FinnFund, FMO, GrayGhost, International Finance Corporation, Norfund, Swedfund, Hivos-Triodos Fonds
Instruments: Equity, Guarantees, Technical Assistance
Fund Currency: USD
Investment Horizon: 10 years
Fund Manager: AfriCap Microventures (Manager Stefan Harpe)
Contact Information:
Stefan Harpe, Investment Manager
Fonds AFRICAP Microfinance Fund
B.P. 5909, Dakar – Fann
Sénégal
stefan@africapfund.com
fax: (221) 869-1217
tel: (221) 869-1210—
Additional Resources:
News from AfriCap
http://www.meceneinvestment.com/displaysection.php?zSelectedSectionID=ne…
Recent news on AfriCap from Microcapital.org
https://www.microcapital.org/?s=africap&x=0&y=0
European Investment Bank (EIB), Gates Foundation, and Dutch Development Agency to Provide Technical Assistance Grants to AfriCap Microfinance Fund and FinTech Africa (April 2009)
https://www.microcapital.org/microcapital-story-european-investment-bank-…
AfriCap Microfinance Fund (AfriCap) of Mauritius Makes a $1.1m Equity Investment in Societe de Financement de la Petite Entreprise (SOFIPE) of Burkina Faso (May 2008)
https://www.microcapital.org/microcapital-story-africap-microfinance-fund…
ACCION Gateway Microfinance Investment Vehicles Fund (GMIV) Invests in Lok Capital, AfriCap (November 2007)
https://www.microcapital.org/microcapital-story-accion-gateway-microfinan…
Summary of Report on AfriCap Microfinance Fund Released by US Agency for International Development (USAID) (December 2007)
https://www.microcapital.org/news-wire-summary-of-report-on-africap-micro…
AfriCap Microfinance Fund Attracts Notable Investors Including Nordic MicroCap, BlueOrchard and Gray Ghost, Raises Capital to $50m (October 2007)
https://www.microcapital.org/microcapital-story-africap-microfinance-fund…
Authored by Kenny Kline, Research Associate
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